Chegg Inc’s filing revealed that its Director BUDIG RENEE VARNI unloaded Company’s shares for reported $39554.0 on Jun 06 ’25. In the deal valued at $1.41 per share,27,973 shares were sold. As a result of this transaction, BUDIG RENEE VARNI now holds 85,742 shares worth roughly $0.12 million.
Then, RENEE BUDIG bought 27,973 shares, generating $39,559 in total proceeds.
JP Morgan downgraded its Chegg Inc [CHGG] rating to an Underweight from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who decreased its forecast for the stock in mid January from “an Equal-weight” to “an Underweight”. Goldman also remained covering CHGG and has increased its forecast on August 06, 2024 with a “Neutral” recommendation from previously “Sell” rating. Morgan Stanley revised its rating on July 16, 2024. It rated CHGG as “an Equal-weight” which previously was an “an Underweight”.
Price Performance Review of CHGG
On Tuesday, Chegg Inc [NYSE:CHGG] saw its stock fall -3.57% to $1.35. Over the last five days, the stock has lost -8.78%. Chegg Inc shares have fallen nearly -52.13% since the year began. Nevertheless, the stocks have fallen -16.15% over the past one year. While a 52-week high of $3.81 was reached on 06/09/25, a 52-week low of $0.44 was recorded on 04/11/25.
Levels Of Support And Resistance For CHGG Stock
The 24-hour chart illustrates a support level at 1.3133, which if violated will result in even more drops to 1.2767. On the upside, there is a resistance level at 1.4233. A further resistance level may holdings at 1.4967.
How much short interest is there in Chegg Inc?
A steep rise in short interest was recorded in Chegg Inc stocks on 2025-05-30, dropping by 47274.0 shares to a total of 10.25 million shares. Yahoo Finance data shows the prior-month short interest on 2025-04-30 was 10.3 million shares. There was a decline of -0.46%, which implies that there is a negative sentiment for the stock.
